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Unique Burbank Restaurant w/Beer, Wine, Parking & Multiple Facades

California, Burbank
Asking Price $99,000.00
Gross Income $840,000.00
Cash Flow $840,000.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Brew Pub
Overview
This unique stand alone Burbank restaurant with beer, wine and a large parking lot boasts multiple entrances and facades making it a memorable option for a number of innovative concepts that are able to capitalize on its unique build-out. The location is ideal for in-house dining, as well as take-out and delivery due to its convenient access throughout Burbank and North Hollywood, as well as to 3 major freeways.
Business Details
Location and Facilities: This 1,600 square foot restaurant with beer and wine, which likely seats less than 50 persons, offers a large kitchen with multiple stoves under a gigantic hood, a walk-in refrigerator, a food prep area, and a small old fashioned style dining bar. The space leases for $5,250 per month on a secure lease. While the lease has nearly two years remaining, a new lease with options can be anticipated to be negotiated in the sale.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: Given this restaurant s convenient access, unique exterior, beer and wine license and onsite parking lot there are several avenues for growth that new owners may seek to consider. To begin, the current operators have owned a venue with a similar concept for over 16 years! While new management may seek to maintain the current concept without the name or menu, they may prefer to re-launch the venue in a new arena with any number of ethnic foods, as a beer and wine sports bar, or as a place with an all American flavor (e.g. farm fresh foods, barbeque, cou This Burbank area venue is in a prime Burbank stand alone location with excellent freeway access for diners coming to the restaurant, or for the venue to offer its clients the convenience of a formidable take-away or delivery service. Competition: While other restaurants in the area currently have the same concept (in fact, the sellers have operated one of them for some time only 2 miles away), chances are that a buyer will seek to take capitalize on the existing venue and implement an altogether new concept.

Reasons for Selling: Personal

Financing:

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